 [Sacramento Bee] American families making less than $100,000 a year could be eligible for a monthly tax credit of up to $500, or $6,000 a year, under new legislation announced Thursday by Democratic U.S. Sen. Kamala Harris of California.
Individuals making less than $50,000 would be eligible for up to $250 a month, $3,000 a year.
"Americans are working harder than ever but stagnant wages mean they can’t keep up with cost of living increases," Harris, a likely presidential candidate in 2020, said in a statement.
Harris’ office cited a 2017 survey from the website Bankrate.com that found more than half of Americans cannot afford a $500 unexpected expense, such as a rent increase, medical bill or child care. |